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I owe more money on my house than its worth!
I want to sell my house and move in to rented accomodation, what happens if my house sells for less than its worth? I owe £82000 mortgage but have £44000 of secured loans. my house is only worth about £110000. please help.
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Mortgages for the disabled.
I have an existing mortgage on a house that I can no longer use. Two flights of stairs etc. I have accepted an offer on it and have offered on a cheaper bungalow that has been accepted. Stupidly I presumed that as I have had a mortgage for years and never missed a payment that getting another mortgage would just be easy!…
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Looking for some advice please
Hello My wife and i have just been offered a fantastic opportunity to buy a flat from a friend who is looking for a quick sale in order to pay off some debt. The purchase price is 31k, however the value of the property is 57k. We would be looking for a buy to let mortgage as we would be letting the property. As the rental…
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Do I HAVE to get a buy-to-let mortgage?
Can any experts out there help me, please? I have recently moved into my partner's house and am thinking of renting out my now vacant flat. The residential mortgage on my flat is my only mortgage. Do I HAVE to change it to a buy-to-let? Is there anyone I am obliged by law to advise? Thanks in advance BossBellini
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Northern Rock Early Redemption Fees
I recently approached my mortgage company (Northern Rock - Asset Management) about borrowing some extra cash so we could build an extension and they said they were unable to help and that we would need to move to a new lender. Problem is that we're tied in for 5 years fixed rate (Mid 2012) with NR. I asked about early…
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Mortgage Offer by Bank.If I take a personal loan any problem?
Bank offer me mortgage around 150,000 . My salary is around 29000 per year.I apply over the phone.They send a letter to my home address. Now ,if I take any personal loan 15000 , Is it affects my final mortgage offer.
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Help with mortgage and divorce
Here are the bullet points as i have already typed a lengthy post and it seems to have lost it :( Husband has left, admitted on face book he has a new girlf. Owe £95K on mortgage Owe £18K on secured loan (£22k at moment with PPI) House worth £115K at most My credit is pretty bad so not sure whether i will be allowed to…
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Parents are selling house as last resort - HELP!
Ok....need some advice here. My parents have £36k left on their mortgage with Bradford & Bingley, which is interest only. It is due to run out at the end of August and he called them for an extension, but they have refused as they are now "cutting back" on their loans due to being taken over by the Government. They have…
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Vendor Gift help
Hi, I am currently in the process of choosing a mortgage for the purchase of a house that was on the market for 135,000 and have negotiated down to 131,000. My partner and I have combined savings of 15,000 and have been given two options. 1)A 90% mortgage using our current savings with a purchase price of 131,000 2) An 85%…
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Mortgages with NR - really unsure
(we're not moving just re mortgaging with a different company) We're been offered a mortgage in principle (not sure if that means anything anymore) but it is with my previous mortgage company (when I lived with my ex) Northern Rock. Im a bit unsure TBH, have their reputation improved? I'm really unsure what to do. Mr…
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Good Service from Post Office Mortgages
Hello All Been currently applying for a mortgage through the Post Office, I tried to get reviews of someone going through the process and struggled so thought I would give this rundown. Found a house we wanted to buy with 10% deposit for £62k, had an AIP from HSBC. The HSBC couldn't do us an appointment until today, so I…
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Mortgage Help!!!!
Hello, This is rather long winded so I apologise! We have a minimal mortgage (£23K), and due to a new job are re-locating down south, we dont want to lose all ties with where we are currently and as a result have taken the decision to let our property. We contacted our mortgage provider (Ing) as we didnt know if we needed…
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Sell or stay
I have debts of about 30k. I have a mortgage of 151,000 and equity is 85,000. I am struggling with these debts and have no money after payday as it is all swallowed up. Questions is: Do i sell and go into rented property to clear these debts and save the rest of my equity for future deposit on house in a couple of years…
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Buying house in portugal
Hi there, not sure if i've posted this in the right place!......any advice would be gratefully received. Hubby and I have nearly paid off the dreaded mortgage (using overpayments on flexible mortgage) and are considering buying a lovely property we've seen in Portugal . We'd use the property as a holiday/future retirement…
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changing from interest only mortgage
I have a mortgage with about £100k on interest only and £7k on capital and interest,I have 3 endowment policies which were supposed pay off £100k in about 2014 when current 5 year fixed rate deal ends,however there is a £37k shortfall predicted on the £100k.(You may have guessed 2 of the policies are with Equitable Life).…
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Changing mortgage mid-application?
Advice on this would be appreciated: I applied for FirstDirect lifetime tracker remortgage, base+1.89%, £499 fee. My app was accepted, FD have sent me my offer and in the meantime set up my bank acc with them (a condition of the mortgage). A few other bits of paperwork are still being sorted eg they've requested my NHBC…
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Bulgaria Nightmare!
Hi A few years ago i brought an apartment in Bulgaria with my then partner, we've had endless problems with getting it completed. My main problem is that I'm paying a Bulgarian mortgage and getting no return & now my ex partner has stopped paying his half of the mortgage and I'm over £1000 in arrears. I would ideally like…
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Please need advice about break up marrage and mortgage
I really need some advice, my partner has separated from his wife 6 months ago, they both have joint mortgage, and both cannot afford to pay the monthly payments. Can Anybody help?
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Should I change my current mortgage?
I am with the Abbey and have a mortgage of £188,500 over 30 years at a rate of 5.93%. I currently have 40 months left on the current fixed deal. (I currently have £184,500 left). The Abbey have offered me a 2 year fix at 4.24% (or a 3 or 4 year deal at 4.69%) although I have to pay a £5,904.37 early repayment charge. I…
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Help needed quickly
We have just about sold our house for £112,000 and are still due £35,000 costing us £450 a month for the next 8 years, on the current mortagage which will give us around £75,000 profit to plough into a new house we have seen. The new property would cost around £160,000 and needs around £30k of work to turn it into the…
